Incentive Option Treatment. No Option will be eligible for treatment as an ISO in the event such Option is exercised more than three (3) months following Termination of Service by reason of Retirement or more than one (1) year following Termination of Service by reason of Disability. In order to obtain ISO treatment for Options exercised by heirs or devisees of the Participant, the Participant’s death must have occurred while the Participant was employed or within three (3) months of Termination of Service.
Appears in 3 contracts
Samples: 2015 Stock Option Plan (National Commerce Corp), Option Agreement (Wolverine Bancorp, Inc.), 2012 Equity Incentive Plan (Oconee Federal Financial Corp.)
Incentive Option Treatment. No Option will be eligible for treatment as an ISO in the event such Option is exercised more than three (3) months following Termination of Service by reason (except in the case of Retirement or more than one (1) year following Termination of Service by reason of due to Disability). In order to obtain ISO treatment for Options exercised by heirs or devisees of the Participant, the Participant’s death must have occurred while the Participant was employed or within three (3) months of Termination of Service.
Appears in 3 contracts
Samples: 2012 Equity Incentive Plan (Standard Financial Corp.), Stock Option (Colonial Financial Services, Inc.), Equity Incentive Plan (OBA Financial Services, Inc.)
Incentive Option Treatment. No Option will be eligible for treatment as an ISO in the event such Option is exercised more than three (3) months following Termination of Service by reason of Retirement or more than one (1) year following Termination of Service by reason of due to Disability. In addition, in order to obtain ISO treatment for Options exercised by heirs or devisees of the Participant, the Participant’s death must have occurred while the Participant was employed or within three (3) months of Termination of Service.
Appears in 1 contract
Samples: 2014 Equity Incentive Plan (Georgetown Bancorp, Inc.)
